Disclaimer: This research should be used purely for informational purposes and is my own personal opinion. I bear no responsibility to whatever investment decisions taken by anyone with regards to this research.

The Kuala Lumpur Composite Index (KLCI) today advanced by 0.4% to end at 1457 points, continuing the rally from yesterday. Markets were mixed in Asia, with Japan (+2.3%), Indonesia (+1.6%), and Philippines (+0.8%) all up while Hang Seng (-0.7%) and Thailand declined (-0.4%). The United States market (+2.2%) continued its bullish run, while Germany (+1.3%) was up also.

It is official. China has approved the controversial national security law for Hong Kong today. The process could take a few months to complete. Simmering tensions between the US and China is expected to pick up after this, as the US is opposing the national security law. I expect the Hang Seng tomorrow to decline as the law will most definitely be implemented as it bypasses the Hong Kong legislation.

For the Malaysian companies I am keeping track, most of them are still up. The best performing companies in terms of share price are Lotte Chemical Titan (95.8%), Padini (26.6%) and Cahya Mata Sarawak(30.8%). To date, the portfolio of companies I am keeping track on have improved to 11.1% return (27 May 2020: 10.3%). You can have a look at the companies I am keeping track on in the Google Excel sheet here or the table below.